Jan Votruba

[Jan Votruba @VotrubaLog]

Choppy markets test patience.

When volatility is high but nothing meets your entry criteria, sitting in cash is a position too. Better to miss premium for a week than force trades on stocks you don't want to own. The next setup always comes.

Stay disciplined.

[Jan Votruba @VotrubaLog]

Market uncertainty means reviewing open positions.

For CSPs approaching strikes: decide now if you'll roll or take assignment. Don't wait until expiration week to make the call. Having a plan before the stress hits makes better decisions than reacting in real-time.

Prepare, don't panic.

[Jan Votruba @VotrubaLog]

@crankijames @WealthCoachMak Sure, no problem. Next time, I will be more precise with my wording.

[Jan Votruba @VotrubaLog]

@crankijames @WealthCoachMak I get why that's confusing. It was a BTC (Buy to Close) to realize the 27% return on a previously sold CSP.

Definitely not long on straight puts here-just standard risk management once the premium is mostly captured.

Did not want to wait until CSP expiration.

[Jan Votruba @VotrubaLog]

The way I see it, PINS earnings on Feb 12 will be the key moment. Q4 2025 results will show if the holiday season was actually as weak as the market fears - and most importantly what the 2026 guidance looks like.

The numbers will tell the real story.

Let's mark the date - that's when we know.

[Jan Votruba @VotrubaLog]

@Gubloinvestor Glad to help.

Now, having said all above, I still keep my eye on PINS. I don't believe the stock is dead.

[Jan Votruba @VotrubaLog]

When markets drop and volatility spikes, CSP premium gets interesting. But don't chase every elevated IV-stick to stocks you'd actually hold if assigned.
A 20% pullback on a quality name is opportunity. A 20% drop on junk is just the beginning.

Fundamentals filter first, always.

[Jan Votruba @VotrubaLog]

@TacticzH Couldn't agree more.

I am personally very bullish. Imo at this level, the stock is quite cheap.

[Jan Votruba @VotrubaLog]

You make a strong case on the OpenAI counterparty risk. The $50B+ capex tied to one customer is definitely concerning. I still like their core business, but you're right that this dependency overshadows it.

Thanks again, appreciate the detailed breakdown.

Makes me rethink the long-term thesis here.

[Jan Votruba @VotrubaLog]

Position sizing matters more than strike selection in the Wheel and put option selling.

If one bad trade can wipe out weeks of premium, you're sized too big. My rule: risky assets max 5%, stable stocks max 10% of account. Even if a position goes bad, the damage is contained.

Survival first, profits second.

[Jan Votruba @VotrubaLog]

The Wheel Strategy is simple and that's why it works.

1. Sell puts on stocks you want to own.
2. Get assigned, sell calls.
3. Get called away, start again.

No complex spreads, no guessing direction. Just consistent premium collection on stocks you'd hold anyway.

Boring execution wins long-term.

[Jan Votruba @VotrubaLog]

@OptiontradinIQ This is a great content, appreciate the full transparency on this.
I like the wheel strategy for exactly this reason - consistent cash flow even when the underlying drops. Real trades with real drawdowns are much better than cherry-picked wins any day.

[Jan Votruba @VotrubaLog]

@theoptpremium That is a nice set of strategies, will have to give PMCCs a try as well. Seems like there is lots of people using them with good success.

[Jan Votruba @VotrubaLog]

Sometimes, closing puts at 50% profit is not a good idea.

I rolled my ORCL Put yesterday for a net credit of about $54:
🔸 closed the Jan 30 '26 172.5 put by buying it back at $5.35 per contract
🔹 opened the Feb 6 '26 170 put by selling it at $5.91 per contract

The stock price was close to the strike during high ups and downs. ORCL ended at around $175, but dropped to $170.6 during the day. Rolling gave me 16 more days and a lower strike for extra safety. It also let me collect more premium to cover lost time value.

Usually I close at 50% of max profit of the position (~$295) but beware - this locks in the current profit but hides the loss of the overall trade campaign:

-368 (original leg) +295 (this CSP) = -73 net loss

Better to wait for full time decay or close at 70% this time.

[Jan Votruba @VotrubaLog]

@EliteOptions2 Speaking about MU, sorry.

[Jan Votruba @VotrubaLog]

@EliteOptions2 Does anybody believe there is a chance for a pullback to 350?

I would like to own the stock but I am reluctant to buy at this price.